Recently hired in a new store. I overheard the GM talking to suits that were here. Basically saying end of year is looking neat and some large clients would be coming back next year.
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@269 You trully have no clue, don't you? What is not there to understand? Selling part of the business that was cannibalising inventory for the main operation in order to use the capital to fund improvement on the main business. That's it.
I wouldn't call it success yet, but inventory has improved for me too (North FL store). Saying 'nothing change' without giving stats is futile and you know it
@b2 propping a company up with the funds from the sale of world pac? that has been the only major change, product quality and improved management have not changed.
Pull the world pac funds and see if they can truly stand on there own.
honestly, it's really fun and engaging to actively try to make things better. My store in Philly was all doom last year before we decided to give it a go. Now it's fun trying to be the most helpful we can with customers, improving the store instead of slacking of. by the way, J-J if you read this, your knowledge drops are a blessing!
It just all seems like hype to me to be honest. It has always been look over it is good but when you look at the other areas they are sinking. There is always an excuse as to why we are failing. Until and if ever it actually turns around I won’t believe the hype.
Numbers do the talking, this year has a positive free cash flow of about positive $60 million. They're guiding negative $90 million but that includes restructuring cash expenses of $150 million like Ryan said during Gabelli talks earlier this month.
In other terms, the remaining company -after the closures- is making money for the first time in years.
I talk to a few peeps in Ohio and Q4 is looking better so far... Knocking on wood. Except the AC, that su-ks!
It indeed is hype talk.
@ap Can already see signs. For the first time since 2021, initial 2025 year guidance didn't drop during the year and the midpoint actually improved. Including unexpected tariff headwinds and increased store openings!
That means management stabilised the business and can make meaningful guidance. That was the toughest part, as we were losing market share. Don't forget all the one-time expenses related to that. Now that you don't have to drop margins to prevent losing market share, it gets much easier.
Wouldn't be surprised at an increase in market share next year. It goes hand in hand really
This is normal hype talk that has been happening for many years. Until you actually see it consider it all smoke and mirrors!